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Ethereum ETF is expected to be approved soon!
SEC is going to approve ETH ETF. One of the largest and reputed firms has just listed Ethereum ETF as tradable asset which will open trading after SEC approval.
The bullish sentiment has brought attention back to the ETH ecosystem. It means a potential 10X growth for any entity traded on Ethereum blockchain. $ETHFI $ENA $SHIB just to name a few. We can also expect significant volume on ETH native exchanges such as Uniswap.
SEC is going to approve ETH ETF. One of the largest and reputed firms has just listed Ethereum ETF as tradable asset which will open trading after SEC approval.
The bullish sentiment has brought attention back to the ETH ecosystem. It means a potential 10X growth for any entity traded on Ethereum blockchain. $ETHFI $ENA $SHIB just to name a few. We can also expect significant volume on ETH native exchanges such as Uniswap.
#bitcoinhalving #StockMarketTrends
Let's talks about the performance of the stock market on April 18th, 2024. The major stock indexes all went down. S&P 500 lost its gains for the fifth day in a row, the longest losing streak of the year.
NASDAQ is also on a losing streak, and if it closes lower for the week, it will be the fourth straight week, the longest streak since December of 2022. The Dow had been up earlier in the day but gave back all of its gains by the end.
The reason for the market drop is hawkish remarks from Federal Reserve presidents regarding rates. They indicated that there might not be any rate cuts this year. Besides the news about interest rates, Philly Fed manufacturing data came in much stronger than expected. Weekly jobless claims remained unchanged.
Let's talks about the performance of the stock market on April 18th, 2024. The major stock indexes all went down. S&P 500 lost its gains for the fifth day in a row, the longest losing streak of the year.
NASDAQ is also on a losing streak, and if it closes lower for the week, it will be the fourth straight week, the longest streak since December of 2022. The Dow had been up earlier in the day but gave back all of its gains by the end.
The reason for the market drop is hawkish remarks from Federal Reserve presidents regarding rates. They indicated that there might not be any rate cuts this year. Besides the news about interest rates, Philly Fed manufacturing data came in much stronger than expected. Weekly jobless claims remained unchanged.
Worldcoin $WLD -- Inflationary or Not?
Worldcoin has 1 Million active users and every three weeks They give users 3 $WLD coins. That's 3 Millon $WLD coins roughly 1 Million per Week!
Current Token Supply = 185.5 Million
New Token Grants = 1 Million per Week
Inflation due to Grants = 1/185.5 = 0.53%
On average, coin price is expected to decrease due to inflation. However, new investors make up for inflation.
Theoretically, If no new investors are introduced AND existing investors do not sell, then existing holders can expect their money to devaluate.
Worldcoin has 1 Million active users and every three weeks They give users 3 $WLD coins. That's 3 Millon $WLD coins roughly 1 Million per Week!
Current Token Supply = 185.5 Million
New Token Grants = 1 Million per Week
Inflation due to Grants = 1/185.5 = 0.53%
On average, coin price is expected to decrease due to inflation. However, new investors make up for inflation.
Theoretically, If no new investors are introduced AND existing investors do not sell, then existing holders can expect their money to devaluate.
Bitcoin manipulation game has begun 🥳
Iran has just fired missies at Israel. The U.S doesn't care about Iran-Israel conflict, yet the U.S markers have expressed fear.
The stocks will plunge on Monday Market Open. The source of this as analysts say Iran will raise the Oil prices by cutting oil supply.
The crypto market has anticipated downturn from stocks and have already plunged.
U.S will not interfere with this conflict as Israel provoked Iran by bombing its embassy and so Iran is retaliating. But why should stock or crypto market even care?
Manipulators played this game in a matter of 2 hours.
Iran has just fired missies at Israel. The U.S doesn't care about Iran-Israel conflict, yet the U.S markers have expressed fear.
The stocks will plunge on Monday Market Open. The source of this as analysts say Iran will raise the Oil prices by cutting oil supply.
The crypto market has anticipated downturn from stocks and have already plunged.
U.S will not interfere with this conflict as Israel provoked Iran by bombing its embassy and so Iran is retaliating. But why should stock or crypto market even care?
Manipulators played this game in a matter of 2 hours.
$SAGA The Saga of my losses 😆
I bought Saga on 11th April after it went down from 7.8$ to 6.12$.
I was waiting for it to go down from 7$ and eventually I thought 6.12$ was a good price.
Then $BTC dumped from 70K to 69K which brought SAGA down to around 5.58$. I did not sell. Bitcoin went back again reclaiming 70K so SAGA followed.
I was very bullish for SAGA to go cross my entry price 6.12 and reach near 7$. But what happened instead, SAGA only got up to 6.11$ and never returned.
Following day the sellers kept dumping moving the price by -20%. Then Bitcoin Holders started dumping and that's when I said $SAGA is doomed at least for one week. I Sold my bag at a loss. It is going to find a bottom floor and settle for a while. So there is no incentive for me to Hold it. I might re-enter the trade later.
Lesson Learned: Cut your losses early
Use Stop-Loss.
I bought Saga on 11th April after it went down from 7.8$ to 6.12$.
I was waiting for it to go down from 7$ and eventually I thought 6.12$ was a good price.
Then $BTC dumped from 70K to 69K which brought SAGA down to around 5.58$. I did not sell. Bitcoin went back again reclaiming 70K so SAGA followed.
I was very bullish for SAGA to go cross my entry price 6.12 and reach near 7$. But what happened instead, SAGA only got up to 6.11$ and never returned.
Following day the sellers kept dumping moving the price by -20%. Then Bitcoin Holders started dumping and that's when I said $SAGA is doomed at least for one week. I Sold my bag at a loss. It is going to find a bottom floor and settle for a while. So there is no incentive for me to Hold it. I might re-enter the trade later.
Lesson Learned: Cut your losses early
Use Stop-Loss.
PEPE vs. DOGE 🤔
🐸$PEPE (PEPE) has achieved a new all-time high $0.00000548 only two months after its all-time low of $0.00000060 in December 2023. The market data shows the significant growth of this cryptocurrency coin reflecting the increasing interest in this asset. PEPE is an Ethereum Token with unique identity among all meme coins, 99.9% of which are successor of DOGE.
Meanwhile 🐶$DOGE has barely made any progress in this bull market. The primary reason simply put is "Mr. Elon Musk has abandoned the ship". In the previous bull run, DOGE was massively hyped due to viral social media campaigns, adoption among retail investors and social media presence of Elon Musk. These factors are missing in this bull run. All successors of DOGE such as Shiba Inu, Saitama, Bonk, Floki Inu, BabyDOGE, Milo Inu, BullDOGE are following its footsteps waiting for a breakout to happen while PEPE is free from this dilemma and is already showing positive growth.
🐸$PEPE (PEPE) has achieved a new all-time high $0.00000548 only two months after its all-time low of $0.00000060 in December 2023. The market data shows the significant growth of this cryptocurrency coin reflecting the increasing interest in this asset. PEPE is an Ethereum Token with unique identity among all meme coins, 99.9% of which are successor of DOGE.
Meanwhile 🐶$DOGE has barely made any progress in this bull market. The primary reason simply put is "Mr. Elon Musk has abandoned the ship". In the previous bull run, DOGE was massively hyped due to viral social media campaigns, adoption among retail investors and social media presence of Elon Musk. These factors are missing in this bull run. All successors of DOGE such as Shiba Inu, Saitama, Bonk, Floki Inu, BabyDOGE, Milo Inu, BullDOGE are following its footsteps waiting for a breakout to happen while PEPE is free from this dilemma and is already showing positive growth.
Meme Coins -- Long or Short? 🤔
All memecoins have pumped significantly in the past three days, following $DOGE rally. After Elon's departure from crypto space, there is no inherent driving force for DOGE.
Following DOGE pump, prices of$SHIB $FLOKI $BONK have also jumped. The growth of these AltCoins is correlated with the growth of DOGE. Memecoins will be the last of the coins to be considered a Security by SEC. They have no inherent value and only motivated by FOMO. This is why, Memecoins should be Shorted in the long term.
All memecoins have pumped significantly in the past three days, following $DOGE rally. After Elon's departure from crypto space, there is no inherent driving force for DOGE.
Following DOGE pump, prices of$SHIB $FLOKI $BONK have also jumped. The growth of these AltCoins is correlated with the growth of DOGE. Memecoins will be the last of the coins to be considered a Security by SEC. They have no inherent value and only motivated by FOMO. This is why, Memecoins should be Shorted in the long term.
Here is why $BNB and $ETH
There are two coins which are undervalued compared to Bitcoin, have low risk and look promising in terms of growth. NASDAQ blog mentions three coins in their recent blog post titled "These crypto coins will make you millionaire".
1- Bitcoin
2- Ethereum
3- BNB
Ethereum ETF is due in April and SEC has also declared ETH a "security" along with $BTC
BNB took a major hit in November 2023, after which it has been trading at a low price for a while but there is fundamentally no change in Binance before and after. Binance is still a billion dollar company with solid Product Development, Risk Assessment and Tech teams. Binance paid the fine of 4.3 billion dollar which has been the highest fine ever paid by an institution to SEC. Even though CZ is still waiting his trial, Binance is out of the storm and has a promising future ahead.
There are two coins which are undervalued compared to Bitcoin, have low risk and look promising in terms of growth. NASDAQ blog mentions three coins in their recent blog post titled "These crypto coins will make you millionaire".
1- Bitcoin
2- Ethereum
3- BNB
Ethereum ETF is due in April and SEC has also declared ETH a "security" along with $BTC
BNB took a major hit in November 2023, after which it has been trading at a low price for a while but there is fundamentally no change in Binance before and after. Binance is still a billion dollar company with solid Product Development, Risk Assessment and Tech teams. Binance paid the fine of 4.3 billion dollar which has been the highest fine ever paid by an institution to SEC. Even though CZ is still waiting his trial, Binance is out of the storm and has a promising future ahead.
🙈🚀 Two AltCoins You Should Invest into ASAP!!!
There are two coins which are undervalued compared to Bitcoin, have low risk and look promising in terms of growth. NASDAQ blog mentions three coins in their recent blog post titled "These crypto coins will make you millionaire".
1- Bitcoin
2- Ethereum
3- BNB
Ethereum ETF is due in April and SEC has also declared ETH a "security" along with $BTC
BNB took a major hit in November 2023, after which it has been trading at a low price for a while but there is fundamentally no change in Binance before and after. Binance is still a billion dollar company with solid Product Development, Risk Assessment and Tech teams. Binance paid the fine of 4.3 billion dollar which has been the highest fine ever paid by an institution to SEC. Even though CZ is still waiting his trial, Binance is out of the storm and has a promising future ahead.
There are two coins which are undervalued compared to Bitcoin, have low risk and look promising in terms of growth. NASDAQ blog mentions three coins in their recent blog post titled "These crypto coins will make you millionaire".
1- Bitcoin
2- Ethereum
3- BNB
Ethereum ETF is due in April and SEC has also declared ETH a "security" along with $BTC
BNB took a major hit in November 2023, after which it has been trading at a low price for a while but there is fundamentally no change in Binance before and after. Binance is still a billion dollar company with solid Product Development, Risk Assessment and Tech teams. Binance paid the fine of 4.3 billion dollar which has been the highest fine ever paid by an institution to SEC. Even though CZ is still waiting his trial, Binance is out of the storm and has a promising future ahead.
Binance faced SEC allegations at the start of this month and was asked to pay 4.3 billion for AML violations, causing a substantial decline in $BNB value. Recent court decisions reduced the penalty to $2.7 billion, prompting a positive market reaction with $BNB experiencing a pump today. Ongoing legal developments continue to influence Binance's situation.
Speculation on the Future of Binance
SEC has charged Binance with money laundering to which Mr. CZ has plead guilty and agreed to pay a fine of $50M and $4.3B.
Binance was under scrutiny for a while and SEC discovered that Binance was doing the best in terms of their User Compliance, Security and Privacy Policies.
Binance's total assets are worth more than $65B as of 2023. This includes in majority USDT, BTC and ETH which is unlike FTX when it collapsed.
The analysts believe this move by legal department of Binance was a smart one. It prevents Binance from paying a hefty sum in the long run. The fine of $4.3B is merely a slap on the wrist for Binance.
SEC has charged Binance with money laundering to which Mr. CZ has plead guilty and agreed to pay a fine of $50M and $4.3B.
Binance was under scrutiny for a while and SEC discovered that Binance was doing the best in terms of their User Compliance, Security and Privacy Policies.
Binance's total assets are worth more than $65B as of 2023. This includes in majority USDT, BTC and ETH which is unlike FTX when it collapsed.
The analysts believe this move by legal department of Binance was a smart one. It prevents Binance from paying a hefty sum in the long run. The fine of $4.3B is merely a slap on the wrist for Binance.
$WLD plummets 23% after OPENAI fires Sam Altman for shady reasons
Sam Altman the CEO of OpenAI was the leading figure in success of GPT language models. On Nov 17, OPEN-AI announced that Sam Altman will be ousted as CEO of the company by blaming "Inconsistency and Miscommunication" between Sam and The Board.
$WLD The first crypto venture by OpenAI took a massive hit upon hearing this news. Many suspect the news of Sam leaving was already circulating among the employees and believe it to be the source for the price movement from 2.4$. When the news finally made it to public, the token was valued 2.06$. The future of $WLD coin is unknown at the moment.
Sam Altman the CEO of OpenAI was the leading figure in success of GPT language models. On Nov 17, OPEN-AI announced that Sam Altman will be ousted as CEO of the company by blaming "Inconsistency and Miscommunication" between Sam and The Board.
$WLD The first crypto venture by OpenAI took a massive hit upon hearing this news. Many suspect the news of Sam leaving was already circulating among the employees and believe it to be the source for the price movement from 2.4$. When the news finally made it to public, the token was valued 2.06$. The future of $WLD coin is unknown at the moment.
Everything YOU Need To KNOW About $ORDI
$ORDI is a BRC-20 meme coin on the Bitcoin Blockchain with the capability of fungible tokens. ORDI allows minting and transfer of fungible tokens on the Bitcoin network that is equivalent to the standard NFT protocol on Ethereum network.
$ORDI has a total supply of 21M and circulating supply of 21M. When total supply is same as circulating supply, it means no coins are privately held in wallets and all of them are in circulation.
Keep in mind, ORDI is a meme coin and is not related to Ordinals Protocol (Ordinalswallet.com)
$ORDI is a BRC-20 meme coin on the Bitcoin Blockchain with the capability of fungible tokens. ORDI allows minting and transfer of fungible tokens on the Bitcoin network that is equivalent to the standard NFT protocol on Ethereum network.
$ORDI has a total supply of 21M and circulating supply of 21M. When total supply is same as circulating supply, it means no coins are privately held in wallets and all of them are in circulation.
Keep in mind, ORDI is a meme coin and is not related to Ordinals Protocol (Ordinalswallet.com)